The online gaming industry in China is rapidly gaining traction, and is gradually taking over the PC and console gaming segments. The mobile gaming segment in particular is witnessing phenomenal growth. Shanghai-based Shanda Games (GAME), an online gaming company that drives a substantial part of its revenue from mobile, is one of the top plays in this sector.
Shanda has struggled for most of its life as a listed company. However, Shanda's stock has seen a decent rally lately from the 52-week low of $2.68. Recently the company announced that Mr. Tunghai Chien has been appointed as the company's new president. The question is whether the new president will be able to boost the struggling prospects of...
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